Hitachi-LG Fined $21M For Price-Fixing Optical Drives 98
wiredmikey writes "Hitachi-LG Data Storage, a joint venture between Hitachi and LG Electronics, has agreed to plead guilty and to pay a $21.1 million criminal fine for its part in a scheme to rig bids and fix prices of optical disk drives. According to the Department of Justice, the company had conspired with others to rig the bidding process on optical disk drives sold to Dell, HP, and Microsoft. Court documents show that Dell and HP hosted optical disk drive procurement events in which bidders would be awarded varying amounts of optical disk drive supply depending on where their pricing ranked."
Re:Smithers, my wallet! (Score:5, Informative)
Judge Snyder: Mr. Burns, in light of your unbelievable contempt for human life, this court fines you $3million.
Montgomery Burns: Smithers, my wallet's in my right front pocket.
[Smithers hands over the money]
Montgomery Burns: Oh, and I'll take that statue of justice too.
Judge Snyder: Sold!